Crane Corporation has $100000$ shares of $$10$ par common stock authorized. The following transactions took place during $2025,$ the first year of the corporation's existence:

Sold $20500$ shares of common stock for $$14\mathrm{.}50$ per share. Issued $20400$ shares of common stock in exchange for a patent valued at $$306000.$

At the end of Crane's first year, total paid$-$in capital was

$$603250.$

$$120500.$

$$297250.$

$$306000.$